Lazard Asset Management LLC Grows Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Lazard Asset Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,604 shares of the company’s stock after purchasing an additional 35,736 shares during the quarter. Lazard Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,485,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Kaizen Financial Strategies raised its stake in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Kaizen Financial Strategies now owns 11,308 shares of the company’s stock valued at $313,000 after acquiring an additional 7,554 shares during the period. Guardian Wealth Advisors LLC NC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 319.6% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 13,841 shares of the company’s stock valued at $384,000 after acquiring an additional 10,542 shares during the period. Greenline Partners LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $35,000. Focus Partners Wealth raised its stake in shares of Schwab U.S. Mid-Cap ETF by 71.5% in the fourth quarter. Focus Partners Wealth now owns 358,234 shares of the company’s stock valued at $9,927,000 after acquiring an additional 149,317 shares during the period. Finally, Fiduciary Trust Co raised its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Fiduciary Trust Co now owns 34,200 shares of the company’s stock valued at $948,000 after acquiring an additional 22,800 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 1.1%

Shares of SCHM opened at $27.78 on Monday. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The company has a market cap of $11.55 billion, a P/E ratio of 19.13 and a beta of 1.08. The company’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $27.55.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were paid a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

About Schwab U.S. Mid-Cap ETF

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.